meituan is neither a state-owned enterprise nor a foreign enterprise, but a private enterprise. Meituan is an economic entity established or controlled by a natural person, based on wage labor and aiming at profit, so Meituan belongs to a private enterprise. The industry where Meituan is located is the local life service industry. This industry covers a series of areas related to life services, from food and beverage takeout, movie ticketing, hotel reservation to taxi travel. The scale of local life service industry is very large. According to the data of iResearch Group, the local life service market in China will reach RMB 19.5 trillion in 2121. The growth rate of this industry is also very fast, and it is expected to continue to maintain rapid growth in the next few years. At first, the company mainly provided group purchase services, and then gradually expanded its business scope, covering many life service fields such as take-away, taxi, hotel reservation, tourism, movie ticketing and so on.